How will 2021 pan out for London's property market?

We said goodbye and good riddance to 2020 and here we are at the start of 2021 in lockdown – but lockdown with a difference… the difference being that estate agents and the property market are still open albeit under very strict health and safety guidelines.

 

Two other factors that will make a difference to us all one way or another are Brexit and the wonderful vaccines. As I write this over 5 million people have already received at least one vaccine dose and the government seem to be working hard to have us all vaccinated as soon as possible, stock permitting. It still seems a way off but later this year we will start to get our lives back. Imagine just being able to go out for a drink or something to eat or asking some friends around for dinner and giving them a hug when they arrive. Sweet dreams indeed.

 

Amongst all the COVID madness, the housing market has been one of the few constants. It has remained open during most of the crisis and has been reassuringly busy for both lettings and sales. So what about the next twelve months? Much will depend on the wider economy including how the government decide to manage the property sector – will the stamp duty holiday be extended?

 

Will interest rates remain low? Once again, people who have been confined to their homes have re-evaluated their lives and many are on the lookout for somewhere new to live. For some it is wanting to be closer to work to avoid long commutes, for others it has become about needing that extra room or space for a study, the greatest demand appears to be for homes with some outside space.

 

As for the rental market – most commentators are expecting it to pick up later this year as the lockdown eases which would make sense. 2020 was a roller coaster ride for the lettings market but the Brexit deal has brought some stability and we have started the year with some unexpected interest in the house market, consequently, we have had a busier than expected January. Flats are renting too but prices need to be sensible in order to secure a tenant and avoid a wasteful void.

 

Our International Team are adjusting to the changes in Europe post-Brexit and preparing for post-COVID. As in the UK, the property market has been allowed to remain operational in France and Monaco. Brexit has brought uncertainty to a number of ex-pats and we believe that there will be a number of property sales and purchases specifically caused by the new residency regulations.

 

Well that’s it from me for this month. All that remains is for me to wish you all a rather belated but very Happy New Year. Here’s to 2021!

 

Stay safe and keep well!

Teresa


We said goodbye and good riddance to 2020 and here we are at the start of 2021 in lockdown – but lockdown with a difference… the difference being that estate agents and the property market are still open albeit under very strict health and safety guidelines.

 

Two other factors that will make a difference to us all one way or another are Brexit and the wonderful vaccines. As I write this over 5 million people have already received at least one vaccine dose and the government seem to be working hard to have us all vaccinated as soon as possible, stock permitting. It still seems a way off but later this year we will start to get our lives back. Imagine just being able to go out for a drink or something to eat or asking some friends around for dinner and giving them a hug when they arrive. Sweet dreams indeed.

 

Amongst all the COVID madness, the housing market has been one of the few constants. It has remained open during most of the crisis and has been reassuringly busy for both lettings and sales. So what about the next twelve months? Much will depend on the wider economy including how the government decide to manage the property sector – will the stamp duty holiday be extended?

 

Will interest rates remain low? Once again, people who have been confined to their homes have re-evaluated their lives and many are on the lookout for somewhere new to live. For some it is wanting to be closer to work to avoid long commutes, for others it has become about needing that extra room or space for a study, the greatest demand appears to be for homes with some outside space.

 

As for the rental market – most commentators are expecting it to pick up later this year as the lockdown eases which would make sense. 2020 was a roller coaster ride for the lettings market but the Brexit deal has brought some stability and we have started the year with some unexpected interest in the house market, consequently, we have had a busier than expected January. Flats are renting too but prices need to be sensible in order to secure a tenant and avoid a wasteful void.

 

Our International Team are adjusting to the changes in Europe post-Brexit and preparing for post-COVID. As in the UK, the property market has been allowed to remain operational in France and Monaco. Brexit has brought uncertainty to a number of ex-pats and we believe that there will be a number of property sales and purchases specifically caused by the new residency regulations.

 

Well that’s it from me for this month. All that remains is for me to wish you all a rather belated but very Happy New Year. Here’s to 2021! Stay Safe and Keep Well!

We said goodbye and good riddance to 2020 and here we are at the start of 2021 in lockdown – but lockdown with a difference… the difference being that estate agents and the property market are still open albeit under very strict health and safety guidelines.

 

Two other factors that will make a difference to us all one way or another are Brexit and the wonderful vaccines. As I write this over 5 million people have already received at least one vaccine dose and the government seem to be working hard to have us all vaccinated as soon as possible, stock permitting. It still seems a way off but later this year we will start to get our lives back. Imagine just being able to go out for a drink or something to eat or asking some friends around for dinner and giving them a hug when they arrive. Sweet dreams indeed.

 

Amongst all the COVID madness, the housing market has been one of the few constants. It has remained open during most of the crisis and has been reassuringly busy for both lettings and sales. So what about the next twelve months? Much will depend on the wider economy including how the government decide to manage the property sector – will the stamp duty holiday be extended?

 

Will interest rates remain low? Once again, people who have been confined to their homes have re-evaluated their lives and many are on the lookout for somewhere new to live. For some it is wanting to be closer to work to avoid long commutes, for others it has become about needing that extra room or space for a study, the greatest demand appears to be for homes with some outside space.

 

As for the rental market – most commentators are expecting it to pick up later this year as the lockdown eases which would make sense. 2020 was a roller coaster ride for the lettings market but the Brexit deal has brought some stability and we have started the year with some unexpected interest in the house market, consequently, we have had a busier than expected January. Flats are renting too but prices need to be sensible in order to secure a tenant and avoid a wasteful void.

 

Our International Team are adjusting to the changes in Europe post-Brexit and preparing for post-COVID. As in the UK, the property market has been allowed to remain operational in France and Monaco. Brexit has brought uncertainty to a number of ex-pats and we believe that there will be a number of property sales and purchases specifically caused by the new residency regulations.

 

Well that’s it from me for this month. All that remains is for me to wish you all a rather belated but very Happy New Year. Here’s to 2021! Stay Safe and Keep Well!

We said goodbye and good riddance to 2020 and here we are at the start of 2021 in lockdown – but lockdown with a difference… the difference being that estate agents and the property market are still open albeit under very strict health and safety guidelines.

 

Two other factors that will make a difference to us all one way or another are Brexit and the wonderful vaccines. As I write this over 5 million people have already received at least one vaccine dose and the government seem to be working hard to have us all vaccinated as soon as possible, stock permitting. It still seems a way off but later this year we will start to get our lives back. Imagine just being able to go out for a drink or something to eat or asking some friends around for dinner and giving them a hug when they arrive. Sweet dreams indeed.

 

Amongst all the COVID madness, the housing market has been one of the few constants. It has remained open during most of the crisis and has been reassuringly busy for both lettings and sales. So what about the next twelve months? Much will depend on the wider economy including how the government decide to manage the property sector – will the stamp duty holiday be extended?

 

Will interest rates remain low? Once again, people who have been confined to their homes have re-evaluated their lives and many are on the lookout for somewhere new to live. For some it is wanting to be closer to work to avoid long commutes, for others it has become about needing that extra room or space for a study, the greatest demand appears to be for homes with some outside space.

 

As for the rental market – most commentators are expecting it to pick up later this year as the lockdown eases which would make sense. 2020 was a roller coaster ride for the lettings market but the Brexit deal has brought some stability and we have started the year with some unexpected interest in the house market, consequently, we have had a busier than expected January. Flats are renting too but prices need to be sensible in order to secure a tenant and avoid a wasteful void.

 

Our International Team are adjusting to the changes in Europe post-Brexit and preparing for post-COVID. As in the UK, the property market has been allowed to remain operational in France and Monaco. Brexit has brought uncertainty to a number of ex-pats and we believe that there will be a number of property sales and purchases specifically caused by the new residency regulations.

 

Well that’s it from me for this month. All that remains is for me to wish you all a rather belated but very Happy New Year. Here’s to 2021! Stay Safe and Keep Well!

We said goodbye and good riddance to 2020 and here we are at the start of 2021 in lockdown – but lockdown with a difference… the difference being that estate agents and the property market are still open albeit under very strict health and safety guidelines.

 

Two other factors that will make a difference to us all one way or another are Brexit and the wonderful vaccines. As I write this over 5 million people have already received at least one vaccine dose and the government seem to be working hard to have us all vaccinated as soon as possible, stock permitting. It still seems a way off but later this year we will start to get our lives back. Imagine just being able to go out for a drink or something to eat or asking some friends around for dinner and giving them a hug when they arrive. Sweet dreams indeed.

 

Amongst all the COVID madness, the housing market has been one of the few constants. It has remained open during most of the crisis and has been reassuringly busy for both lettings and sales. So what about the next twelve months? Much will depend on the wider economy including how the government decide to manage the property sector – will the stamp duty holiday be extended?

 

Will interest rates remain low? Once again, people who have been confined to their homes have re-evaluated their lives and many are on the lookout for somewhere new to live. For some it is wanting to be closer to work to avoid long commutes, for others it has become about needing that extra room or space for a study, the greatest demand appears to be for homes with some outside space.

 

As for the rental market – most commentators are expecting it to pick up later this year as the lockdown eases which would make sense. 2020 was a roller coaster ride for the lettings market but the Brexit deal has brought some stability and we have started the year with some unexpected interest in the house market, consequently, we have had a busier than expected January. Flats are renting too but prices need to be sensible in order to secure a tenant and avoid a wasteful void.

 

Our International Team are adjusting to the changes in Europe post-Brexit and preparing for post-COVID. As in the UK, the property market has been allowed to remain operational in France and Monaco. Brexit has brought uncertainty to a number of ex-pats and we believe that there will be a number of property sales and purchases specifically caused by the new residency regulations.

 

Well that’s it from me for this month. All that remains is for me to wish you all a rather belated but very Happy New Year. Here’s to 2021! Stay Safe and Keep Well!

Posted on Jan 28 2021

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